The China-SCO Local Economic and Trade Cooperation Demonstration Area is located in Jiaozhou, Qingdao, Shandong province. [Photo provided to chinadaily.com.cn]

The second QDLP fund of China-SCO demonstration zone has been launched, with a pilot quota of $100 million.

The Qualified Domestic Limited Partnership (QDLP) scheme enables global asset managers to raise funds from domestic investors in China to invest in traditional and alternative overseas assets such as hedge funds, private equity funds, and REITs.

Last October, Qingdao's first QDLP fund was launched in the China-SCO demonstration zone, with a pilot quota of $150 million.

"The second QDLP fund can better help Chinese enterprises to 'go global', and also help acquire domestic and advanced foreign tech and industrial projects, and boost the development of carbon neutral, new energy commercial transportation and equipment industries," an official from the China-SCO demonstration zone said.